2019 Q4 Form 10-K Financial Statement

#000162828020002489 Filed on February 28, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2019 Q2
Revenue $436.9M $272.6M $286.9M
YoY Change 76.59% -5.7% -13.62%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $350.6M $384.1M $319.0M
YoY Change 66.87% 80.24% 74.79%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $500.0K $700.0K $1.300M
YoY Change -61.54% -46.15% -61.76%
% of Gross Profit
Operating Expenses $362.3M $395.7M $335.7M
YoY Change 67.82% 74.17% 51.89%
Operating Profit
YoY Change
Interest Expense $32.90M $34.70M $30.50M
YoY Change -347.37% -8.44% -56.37%
% of Operating Profit
Other Income/Expense, Net $26.62M $32.79M $35.26M
YoY Change -309.97% -15.4% -48.09%
Pretax Income $101.3M $103.6M $84.38M
YoY Change 436.34% 97.88% 65.22%
Income Tax $16.80M $11.70M $9.505M
% Of Pretax Income 16.59% 11.3% 11.26%
Net Earnings $38.47M $33.33M $32.14M
YoY Change 222.23% 109.5% -372.94%
Net Earnings / Revenue 8.8% 12.23% 11.2%
Basic Earnings Per Share
Diluted Earnings Per Share $295.5K $273.2K $257.8K
COMMON SHARES
Basic Shares Outstanding 103.3M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $745.0M $728.0M $624.0M
YoY Change 50.51% -17.55% -35.14%
Cash & Equivalents $138.4M $152.2M $247.2M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $860.0M $814.0M $701.0M
YoY Change 54.68% -18.19% -41.68%
LONG-TERM ASSETS
Property, Plant & Equipment $145.0M $149.0M $154.0M
YoY Change
Goodwill $143.9M $143.7M $143.8M
YoY Change 0.05% -0.07% -0.05%
Intangibles
YoY Change
Long-Term Investments $10.39B $10.05B $9.493B
YoY Change 15.48% 12.54% 12.56%
Other Assets
YoY Change
Total Long-Term Assets $11.15B $10.78B $10.28B
YoY Change 16.21% 14.39% 14.94%
TOTAL ASSETS
Total Short-Term Assets $860.0M $814.0M $701.0M
Total Long-Term Assets $11.15B $10.78B $10.28B
Total Assets $12.01B $11.60B $10.98B
YoY Change 18.31% 11.28% 8.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $830.0M $906.0M $773.0M
YoY Change 29.28% 31.69% 5.75%
Accrued Expenses $207.0M $343.0M $294.0M
YoY Change 613.79% 170.08% 237.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $927.0M $1.821B $1.502B
YoY Change -24.33% 108.83% 44.98%
LONG-TERM LIABILITIES
Long-Term Debt $8.399B $7.779B $7.724B
YoY Change 13.99% 5.56% 12.89%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $8.399B $7.779B $7.724B
YoY Change 13.99% 5.56% 12.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $927.0M $1.821B $1.502B
Total Long-Term Liabilities $8.399B $7.779B $7.724B
Total Liabilities $10.16B $9.754B $9.377B
YoY Change 15.93% 9.22% 8.92%
SHAREHOLDERS EQUITY
Retained Earnings -$50.82M -$44.31M -$35.25M
YoY Change 73.23%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $768.3M $752.1M $635.5M
YoY Change
Total Liabilities & Shareholders Equity $12.01B $11.60B $10.98B
YoY Change 18.31% 11.28% 8.23%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income $38.47M $33.33M $32.14M
YoY Change 222.23% 109.5% -372.94%
Depreciation, Depletion And Amortization $500.0K $700.0K $1.300M
YoY Change -61.54% -46.15% -61.76%
Cash From Operating Activities -$402.9M -$388.8M -$941.5M
YoY Change -231.62% -10.74% -31.18%
INVESTING ACTIVITIES
Capital Expenditures -$4.700M -$6.400M -$2.700M
YoY Change 17.5% -12.33% -35.71%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$4.700M -$6.400M -$2.700M
YoY Change 17.5% -12.33% -35.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 371.6M 305.6M 1.092B
YoY Change -213.4% -30.53% -20.82%
NET CHANGE
Cash From Operating Activities -402.9M -388.8M -941.5M
Cash From Investing Activities -4.700M -6.400M -2.700M
Cash From Financing Activities 371.6M 305.6M 1.092B
Net Change In Cash -36.00M -89.60M 147.6M
YoY Change 40.63% 2886.67% 2170.77%
FREE CASH FLOW
Cash From Operating Activities -$402.9M -$388.8M -$941.5M
Capital Expenditures -$4.700M -$6.400M -$2.700M
Free Cash Flow -$398.2M -$382.4M -$938.8M
YoY Change -228.41% -10.72% -31.17%

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CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Use of Estimates </span></div><div style="text-indent:24.75pt;"><span><br/></span></div><div style="text-indent:24.75pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The preparation of financial statements in conformity with GAAP requires management to make assumptions and estimates that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues, expenses and other income (expense) during the reporting periods. Assumptions and estimates regarding the valuation of investments involve a high degree of judgment and complexity and may have a significant impact on net income. Actual results could differ from these estimates and such differences could be material to the consolidated financial statements.</span></div>
CY2019Q4 ares Number Of Collateralized Loan Obligations Consolidated
NumberOfCollateralizedLoanObligationsConsolidated
16 entity
CY2018Q4 ares Number Of Collateralized Loan Obligations Consolidated
NumberOfCollateralizedLoanObligationsConsolidated
13 entity
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest Adjusted Balance1
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
1437681000 USD
CY2019Q4 ares Carried Interest Contingent Repayment Obligations
CarriedInterestContingentRepaymentObligations
0 USD
CY2018Q4 ares Carried Interest Contingent Repayment Obligations
CarriedInterestContingentRepaymentObligations
400000 USD
CY2017Q4 us-gaap Investments
Investments
1724571000 USD
CY2017Q4 us-gaap Other Assets
OtherAssets
130341000 USD
CY2017Q4 us-gaap Assets
Assets
8563522000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
7103230000 USD
CY2017Q4 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
0 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
1460292000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8563522000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1460292000 USD
CY2018Q4 us-gaap Assets
Assets
10154692000 USD
CY2018Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
326007000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-29336000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-8524000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
587924000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1394341000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
10154692000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
184341000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32202000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
152139000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
57020000 USD
CY2018 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
21700000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
35320000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
152139000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
152139000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1417058000 USD
CY2019 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
8500000 USD
CY2018 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
100000 USD
CY2017 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
1700000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
19217000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
84135000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11242000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
52701000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7975000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
31434000 USD
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17900000 USD
CY2019Q1 ares Finite Lived Intangible Assets Fully Amortized And Written Off
FiniteLivedIntangibleAssetsFullyAmortizedAndWrittenOff
29800000 USD
CY2019Q4 ares Write Down Of Intangible Assets Finitelived
WriteDownOfIntangibleAssetsFinitelived
35100000 USD
CY2019 ares Equity Method Investment Summarized Financial Information Income Tax Expense Benefit
EquityMethodInvestmentSummarizedFinancialInformationIncomeTaxExpenseBenefit
-30350000 USD
CY2019 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
2987985000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1627000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1542000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
895000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
711000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
711000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
2489000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7975000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
22108342000 USD
CY2019 ares Equity Method Investment Summarized Financial Information Expenses
EquityMethodInvestmentSummarizedFinancialInformationExpenses
-445061000 USD
CY2019 ares Equity Method Investment Summarized Financial Information Gainfrom Investments Net
EquityMethodInvestmentSummarizedFinancialInformationGainfromInvestmentsNet
2061425000 USD
CY2018Q4 ares Equity Method Investment Summarized Financial Information Investments
EquityMethodInvestmentSummarizedFinancialInformationInvestments
21122168000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
22348509000 USD
CY2019 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
1401971000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
143895000 USD
CY2017 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-109000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
143786000 USD
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
69000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
143855000 USD
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019Q4 ares Equity Method Investment Summarized Financial Information Investments
EquityMethodInvestmentSummarizedFinancialInformationInvestments
25577194000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
27017756000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
4909414000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
2779014000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
19569495000 USD
CY2018 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
1175091000 USD
CY2018 ares Equity Method Investment Summarized Financial Information Expenses
EquityMethodInvestmentSummarizedFinancialInformationExpenses
-371586000 USD
CY2018 ares Equity Method Investment Summarized Financial Information Gainfrom Investments Net
EquityMethodInvestmentSummarizedFinancialInformationGainfromInvestmentsNet
-542303000 USD
CY2018 ares Equity Method Investment Summarized Financial Information Income Tax Expense Benefit
EquityMethodInvestmentSummarizedFinancialInformationIncomeTaxExpenseBenefit
-27155000 USD
CY2018 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
234047000 USD
CY2017 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
903478000 USD
CY2017 ares Equity Method Investment Summarized Financial Information Expenses
EquityMethodInvestmentSummarizedFinancialInformationExpenses
-328285000 USD
CY2017 ares Equity Method Investment Summarized Financial Information Gainfrom Investments Net
EquityMethodInvestmentSummarizedFinancialInformationGainfromInvestmentsNet
2741303000 USD
CY2017 ares Equity Method Investment Summarized Financial Information Income Tax Expense Benefit
EquityMethodInvestmentSummarizedFinancialInformationIncomeTaxExpenseBenefit
-47151000 USD
CY2017 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
3269345000 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
57400000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
78300000 USD
CY2018Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3800000 USD
CY2019 us-gaap Depreciation
Depreciation
17100000 USD
CY2018 us-gaap Depreciation
Depreciation
16100000 USD
CY2017 us-gaap Depreciation
Depreciation
12600000 USD
CY2019Q4 ares Property Plant And Equipment Fully Depreciated
PropertyPlantAndEquipmentFullyDepreciated
5200000 USD
CY2019Q4 ares Unfunded Capital Commitments
UnfundedCapitalCommitments
387400000 USD
CY2018Q4 ares Unfunded Capital Commitments
UnfundedCapitalCommitments
267600000 USD
CY2019Q4 ares Carried Interest Contingent Repayment Obligations
CarriedInterestContingentRepaymentObligations
0 USD
CY2018Q4 ares Carried Interest Contingent Repayment Obligations
CarriedInterestContingentRepaymentObligations
400000 USD
CY2019Q4 ares Finance Lease Rightof Use Asset Accumulated Amortization
FinanceLeaseRightofUseAssetAccumulatedAmortization
600000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
28814000 USD
CY2018 us-gaap Operating Lease Cost
OperatingLeaseCost
30497000 USD
CY2017 us-gaap Operating Lease Cost
OperatingLeaseCost
26122000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
304000 USD
CY2018 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
260000 USD
CY2017 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
39000 USD
CY2018 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
39000 USD
CY2017 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
0 USD
CY2019 us-gaap Lease Cost
LeaseCost
29157000 USD
CY2018 us-gaap Lease Cost
LeaseCost
30796000 USD
CY2017 us-gaap Lease Cost
LeaseCost
26122000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
30314000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
504000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
29453000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
504000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
30618000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
471000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
27062000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
144000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
23913000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
122000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
50600000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
191960000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1745000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
23143000 USD
CY2019Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
94000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
168817000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1651000 USD
CY2019Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P8Y
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0400
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0339
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
31509000 USD
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
58000 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
311000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
778000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
49833000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
44525000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
27903000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-15477000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7851000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
4299000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-7575000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
52376000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32202000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-23052000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2019 ares Effective Income Tax Rate Reconciliation Income Passed Through
EffectiveIncomeTaxRateReconciliationIncomePassedThrough
-0.104
CY2018 ares Effective Income Tax Rate Reconciliation Income Passed Through
EffectiveIncomeTaxRateReconciliationIncomePassedThrough
-0.099
CY2017 ares Effective Income Tax Rate Reconciliation Income Passed Through
EffectiveIncomeTaxRateReconciliationIncomePassedThrough
-0.511
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.019
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.021
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.014
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.003
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.003
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.003
CY2019 ares Effective Income Tax Rate Reconciliation Permanent Items Including Stock Compensation
EffectiveIncomeTaxRateReconciliationPermanentItemsIncludingStockCompensation
-0.004
CY2018 ares Effective Income Tax Rate Reconciliation Permanent Items Including Stock Compensation
EffectiveIncomeTaxRateReconciliationPermanentItemsIncludingStockCompensation
-0.008
CY2017 ares Effective Income Tax Rate Reconciliation Permanent Items Including Stock Compensation
EffectiveIncomeTaxRateReconciliationPermanentItemsIncludingStockCompensation
0.003
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.004
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.004
CY2019 ares Effective Income Tax Rate Reconciliation Corporate Conversion Expense
EffectiveIncomeTaxRateReconciliationCorporateConversionExpense
0
CY2018 ares Effective Income Tax Rate Reconciliation Corporate Conversion Expense
EffectiveIncomeTaxRateReconciliationCorporateConversionExpense
0.054
CY2017 ares Effective Income Tax Rate Reconciliation Corporate Conversion Expense
EffectiveIncomeTaxRateReconciliationCorporateConversionExpense
0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.001
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.003
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.004
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.001
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.013
CY2019 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
127184000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
28372000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
50890000 USD
CY2019 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
119877429 shares
CY2018 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
96023147 shares
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.123
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.175
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.156
CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-100000 USD
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
800000 USD
CY2019Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
39100000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
127184000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
35320000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
54478000 USD
CY2019 ares Distributed Earnings Loss Allocated To Participating Securities Basic
DistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
7670000 USD
CY2018 ares Distributed Earnings Loss Allocated To Participating Securities Basic
DistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
6948000 USD
CY2017 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
81838007 shares
CY2019 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
1.06
CY2018 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
0.30
CY2017 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
0.62
CY2017 ares Distributed Earnings Loss Allocated To Participating Securities Basic
DistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3588000 USD
CY2019 us-gaap Undistributed Earnings
UndistributedEarnings
119514000 USD
CY2018 us-gaap Undistributed Earnings
UndistributedEarnings
28372000 USD
CY2017 us-gaap Undistributed Earnings
UndistributedEarnings
50890000 USD
CY2019 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
107914953 shares
CY2018 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
96023147 shares
CY2017 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
81838007 shares
CY2019 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
1.11
CY2018 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
0.30
CY2017 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
0.62
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
127184000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
35320000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
54478000 USD
CY2019 ares Distributed Earnings Loss Allocated To Participating Securities Diluted
DistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 USD
CY2018 ares Distributed Earnings Loss Allocated To Participating Securities Diluted
DistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
6948000 USD
CY2017 ares Distributed Earnings Loss Allocated To Participating Securities Diluted
DistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
3588000 USD
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.28
CY2018 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.33
CY2017 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.13
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
97691000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
89724000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
69711000 USD
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.32
CY2019Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.32
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.32
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.32
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